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Level 3
posted Oct 17, 2024 4:08:47 PM

Does the irs require withholding of income from trust?

The trust pays annual income to beneficiaries. Much like an employer withholds money to pay income taxes on money an employee earns, does the IRS require a trust to do similar withholding of income to pay part of the income taxes that beneficiaries would owe?

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1 Best answer
Level 15
Oct 17, 2024 4:37:52 PM


 

2 Replies
Level 15
Oct 17, 2024 4:37:52 PM


 

Level 15
Oct 17, 2024 4:39:54 PM